It is a near impossibility that DBMM will EVER upgrade to the Nasdaq - at least not for the next SEVERAL YEARS. They'd have to get MILLIONS more in revenue every year, make changes to their governance, have a stock price FAR FAR above what it has now....There's MANY things needed that would take DBMM YEARS upon YEARS to accomplish.
Anyone looking at the requirements to list as a Nasdaq security would realize that VERY quickly.
There's only ONE way DBMM could EVER uplist to the Nasdaq more quickly and that would be through a merger with another company already on it.
THAT begs the question - why would ANY company already on the Nasdaq want to merge with a debt-ridden company that has done NOTHING in their entire existence, but borrow money and live off its shareholders?
The answer is - none would!
But on the off chance it happens? Then it would NO LONGER be DBMM would it. DBMM would not have gotten there "off their own bat" but by riding the coat tails of a company already on it.
And IF that happened? The shareholders would lose MILLIONS of shares. The acquiring company always pares down the shares of the company it's acquiring. Current DBMM share holders MIGHT get a share of the acquiring company for every 10,000 shares of DBMM. So if you have a million shares of DBMM? Probably get a 100 shares of the acquiring company.
Whatever it ends up being, you can be SURE it won't be a "millionaires" holdings you'll be left with.
In a nutshell, that's what will most likely happen if DBMM goes that route.
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